N236b in Treasury Bills Mature via 315-day Bills

July 1, 2017
N236b in Treasury Bills Mature via 315-day Bills

N236b in Treasury Bills Mature via 315-day Bills

By Cowry Asset

During this week, treasury bills worth N236.118 billion matured via 315-day bills.

Consequently, NIBOR increased for most of the tenor buckets; NIBOR for 1 month, 3 months and

6 months rose to 19.52 percent (from 19.33 percent), 21.61 percent (from 21.37 percent) and 23.83 percent (from 23.67 percent) respectively.

However, NIBOR for overnight funds fell to 6.21 percent (from 9.29 percent).

Elsewhere, NITTY moved in mixed directions across the maturities – yields on 1 month and 12 months maturities fell to 15.63 percent (from 17.53 percent) and 22.39 percent (from 22.56 percent) respectively.

However, the yields on 3 months and 6 months rose to 19.16% (from 18.71 percent) and 20.16 percent (from 19.39 percent) respectively.

This week, there will be maturing treasury bills worth N208.283 billion which will more than offset treasury bill auctions worth N177 billion, viz: 91-day bills worth N35 billion, 182-day bills worth N22 billion and 364-day bills worth N120 billion.

Hence, we expect financial system liquidity ease and resultant stability in interbank rates.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

1 Comment

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